Take Control of your Future
With a low cost of entry, minimal overhead, and unlimited earning potential the Murphy Business Broker Franchise can be a very lucrative business opportunity.
Murphy Business Brokers often start as home-based businesses, this allows you to keep your overhead low, while you focus on growth and maximize your profits. You don’t need employees, there’s no inventory to maintain or equipment to purchase.
Our flexible franchise business model allows you to choose how you want to structure your business and how quickly you want to grow it. Do you want to be a sole proprietor? Maybe add an agent or two as you build out your market? Or do you see yourself building a team of agents in multiple territories? The choice is yours. And if you add agents, we’ll train them for you.
With a low cost of entry, minimal overhead, and unlimited earning potential the Murphy Business Broker Franchise can be a very lucrative business opportunity.
Murphy Business Brokers often start as home-based businesses, this allows you to keep your overhead low, while you focus on growth and maximize your profits. You don’t need employees, there’s no inventory to maintain or equipment to purchase.
Our flexible franchise business model allows you to choose how you want to structure your business and how quickly you want to grow it. Do you want to be a sole proprietor? Maybe add an agent or two as you build out your market? Or do you see yourself building a team of agents in multiple territories? The choice is yours. And if you add agents, we’ll train them for you.
While we are one of the most affordable business franchise opportunities, new franchisees still need adequate capital to invest in a franchise and establish their business.
To purchase a Murphy Business Broker Franchise you’ll need access to at least $50,000 in liquid capital and a minimum net worth of $250,000.
How much do Business Brokers make?
When considering becoming a Business Broker, one of the most pressing questions might be, How much do Business Brokers make? Understanding the potential earnings is vital for making an informed decision.
Understanding Earnings Claims
The only earnings claims that franchisors can legally share with prospects must be included in their Item 19 of the Franchise Disclosure Document (FDD). This transparency ensures that you have access to accurate financial expectations. However, if a franchisor does not include an Item 19, it’s crucial to understand why. This absence could indicate potential red flags.
Comparing Earnings Across Different Franchises
When evaluating various business franchise opportunities, it’s important to be aware that franchisors have options for how they present their financial information. This can sometimes make it challenging to compare one brand to another.
- Selective Reporting: Some franchisors may exclude underperforming units from their reports. This exclusion can paint an overly optimistic picture of potential earnings.
- Inclusion of Corporate-Owned Units: Including corporate-owned units, which often are significantly larger and have decades of experience, can inflate average earnings.
- Different Metrics: Some franchisors report Average Gross Profits (AGP), while others might provide Average Unit Revenue (AUR).
Understanding these nuances helps you make a more accurate comparison between franchises.
Our Commitment to Transparency
At Murphy Business, transparency and integrity are at the core of our operations. We want you to have the information you need to make an informed decision, here’s our Item 19 in its entirety, if you have any questions just give us a call.
Item 19
Financial Performance Representation
The FTC’s Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the disclosure document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.
The data used in preparing this financial performance representation was compiled from information submitted to us by the franchisees in the closing submissions reports. The figures in the tables below have not been audited. Written substantiation of the data used in preparing this financial performance representation will be made available to a prospective franchisee on reasonable request.
There were 134 Murphy Business franchise units in operation as of January 1, 2023. Of those, 5 were terminated or expired and were not renewed during 2023. On December 31, 2023, our fiscal year end, there were 133 franchise units in operation. The following financial performance representation includes the 129 franchise units that began operation on or before January 1, 2023 and operated continuously through December 31, 2023. 9 franchise units were excluded because they were not in operation for a full year, 4 of which were new to the System, 1 of which temporarily suspended operations due to a state licensing issue. Some of our franchisees operate multiple franchise units, each pursuant to a separate franchise agreement. Each multi-unit franchisee, however, provides us with a combined financial report that consolidates the gross revenue of all of their franchise units. The typical time for a Murphy Business franchise to close on their first business transfer is 7-9 months, however, they are able to generate revenue from other ancillary services. Below is 2023 Gross Profit data for our 129 franchise units that operated the full 12 months from January 1 – December 31, 2023. Gross Profit means all revenue and receipts derived from the franchisee’s operation of the Murphy Business, less the 10% royalty paid to us.
Top, Middle, and Low Thirds
* 5 franchisees each operate 2 franchise units and 1 franchisee operates 4 units
** 7 franchisees operates 2 franchise units
*** 1 franchisee operates 3 franchise units and 1 franchisee operates 2 units
Sole Proprietor vs. Office with Agents
Some franchisees operate as sole proprietors and some operate with independent contractor agents. The table below shows Average Gross Profits as outlined above for the two different operating methods.
We strongly suggest that you consult your own financial advisor or personal accountant concerning financial projections.
Written substantiation for the financial performance representation will be made available to the prospective
franchisee upon reasonable request.
Some franchisees have achieved these Gross Profits. Your individual results may differ. There is no assurance that you’ll earn as much.
Other than the preceding financial performance representation, we do not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing franchise, however, we may provide you with the actual records of that franchise. If you receive any other financial performance information or projections of your future income, you should report it to our management by contacting Thomas J. Coba, CEO, Murphy Business & Financial Corporation LLC, 407 N. Belcher Road, Clearwater, FL 33765, 727-725-7090, the Federal Trade Commission, and the appropriate state regulatory agencies.
How Much Does It Cost To Become A Murphy Business Broker?
With an Initial Franchise Fee starting at 40K* and Low Overhead Costs you can be in business as a Murphy Business Broker for under 100K.
*Please see Items 5, 6, and 7 in our FDD for more details
